PHL shares climb on last-minute bargain hunting
April 29, 2021 | 9:00 pm
COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.
SHARES closed higher on Thursday on last-minute bargain hunting and as the country recorded slightly lower new coronavirus disease (COVID-19) cases the previous day.
The Philippine Stock Exchange Index (PSEi) rose by 18.37 points or 0.28% to close at 6,487.51 on Thursday, while the broader all shares index gained 10.46 points or 0.26% to end at 3,967.96.
“The local bourse traded mostly in the red territory after the government extended the MECQ (modified enhanced community quarantine) in Greater Manila, which would adversely affect those businesses that are prohibited to operate, as well as those whose operations are at a limited capacity only like restaurants, malls, etc,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.
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